Las Vegas is attracting continuing to attract industrial users. Whitebox, a Baltimore-based DTC company, has chosen the market for its West Coast hub, signing a 350,000-square-foot lease at Golden Triangle Logistics Center in North Las Vegas. The company chose Las Vegas for this expansion due to attractive real estate costs, access to labor and proximity to the ports in California.

"When considering its hub for the western states region, Whitebox identified Las Vegas after running analysis' comparing real estate costs, accessible labor, proximity to consumers and 5 major U.S. ports in less than a day and almost every state west of the Mississippi in less than two days, business environment, and state incentives. The comparisons were ran for Reno, Inland Empire, Utah and Phoenix," Alma Cuevas, director at Cushman & Wakefield, tells GlobeSt.com. Cuevas along with Jason Griffis and Zac Zaher represented Whitebox in the transaction.

Las Vegas is at the top of the list for many companies looking to expand to the West Coast or looking to relocate current West Coast facilities to a more cost-effective market. "Most recently, our team has represented companies from Maryland, New Jersey, Minnesota, Indiana, and California. Aside from a pro-business environment, Vegas services more than 10 major cities, or 60 million consumers, within a one-day drive. We're also 4 hours closer to the Pacific Northwest than Phoenix," says Griffis.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.